|
Insurance
09-Jun-23
|
|
|
|
|
|
|
Life insurance companies new business premium down at 4% to Rs 23,477.8 crore in May
|
|
|
|
The new business premium income of India's life insurance companies declined 4.1% to Rs 23,477.8 crore in May 2023, data from IRDAI showed.
All the 24 life insurance companies had a collective new business premium income of Rs 24,480.36 crore in the same month a year ago (May 2022).
The state-owned and the country's largest life insurer LIC recorded an 11.26% decline in its new business premium at Rs 14,056.29 crore during the month against Rs 15,840.63 crore a year ago, as per data released by the Insurance Regulatory and Development Authority of India.
However, the rest of 23 private players witnessed their combined new business premium rise by 9.05% to Rs 9,421.51 crore from Rs 8,639.72 crore in May 2022.
On a cumulative basis, all 24 players registered a 15% fall in new business premium income during April-May period of 2023-24 at Rs 36,043.11 crore compared to Rs 42,419.97 crore in the corresponding period of 2022-23, as per the data.
LIC's new business declined by 27.91% in the first two months of the fiscal to Rs 19,866 crore against Rs 27,557 crore in the year-ago period.
|
|
Previous News |
Life Insurance Corporation raises stake in IDFC First Bank to 2.68%
(
Insurance
-
04-Jun-24
17:00
)
|
|
LIC temporarily shuts down its Mauritius branch
(
Corporate News
-
15-Jan-24
19:27
)
|
|
LIC hits 52-week high on appointing S Sunder Krishnan as CRO
(
Hot Pursuit
-
28-Dec-23
12:12
)
|
|
LIC raises stake in Dr Reddy's Lab
(
Hot Pursuit
-
14-Jun-24
11:59
)
|
|
LIC hikes stake in Dr Reddy's
(
Corporate News
-
13-Jun-24
20:38
)
|
|
LIC pares stake in Hindustan Copper
(
Hot Pursuit
-
28-Sep-23
14:56
)
|
|
LIC's market share fell to 58.5% till September from 68.2% in a year
(
Insurance
-
10-Oct-23
10:15
)
|
|
Life insurers' new business premium income drops 13% in September, largely dragged down by LIC
(
Insurance
-
09-Oct-23
20:40
)
|
|
Life Insurance Corporation of India consolidated net profit rises 447.47% in the March 2023 quarter
(
Results
-
Announcements
25-May-23
07:39
)
|
|
LIC launches new life insurance plan 'Jeevan Utsav'
(
Corporate News
-
29-Nov-23
10:30
)
|
|
Sensex, Nifty at fresh life highs; media shares advance
(
Market Commentary
-
Mid-Session
06-Jul-23
14:34
)
|
|
|
|
Other Stories |
|
|
|
|
|
|
|
|